Span Divergent Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/01/2026 ,inter alia, to consider and approve 1. Proposal for raising of ....
Awaiting price reaction for this filing.
Span Divergent Ltd (formerly Span Diagnostics Ltd), listed on BSE with script code 524727, has informed BSE that its Board of Directors will meet on Friday, 23rd January 2026. The main item on the agenda is to consider and approve raising of funds by issuing equity shares through a preferential issue on a private placement basis, or any other permissible mode or combination thereof. The Board will also consider calling an Extra Ordinary General Meeting (EGM) to seek shareholder approval for this fund-raising proposal and to finalize the EGM notice. The company's trading window has already been closed since 1st January 2026 for designated persons and will reopen 48 hours after the declaration of Q3 FY26 financial results.
This is a potential equity dilution event for existing shareholders, as the company plans to issue new shares to select investors on a private placement basis. Shareholders should watch for pricing details, identity of allottees, and dilution percentage, which will be disclosed once the Board approves the proposal and the EGM notice is issued.